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Business Finance - GCSE > Efficiency > Flashcards

Efficiency Flashcards

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1
Q

How does TQM increase efficiency?

A

Saves the businesses time that could be wasted on a product that’s faulty being repeatedly made

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2
Q

How does JIT increase efficiency?

A

Nothing has to be stored which saves costs and nothing is wasted. This is because the specific things that need are delivered

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3
Q

Technology

A

Does the job quicker than humans and makes less mistakes which increases productivity in long term

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Business Finance - GCSE (10 decks)

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